TCP to Pay $3.9 Million in Settlement With Former General Counsel
The former general counsel of TCP International Holdings of Aurora, Ohio, has reached a settlement with the company in her lawsuit alleging the company’s former CEO of physically assaulting her, of threatening and bullying her, of damaging the value of the company for stockholders, and of unethical and reckless business practices.
TCP, one of the country’s leading LED light bulb manufacturers, settled the suit brought by Laura Hauser, for $3.9 million, according to SEC documents filed this week, according to Cleveland.com.
“Hauser, the company’s general counsel since 2013, sued her boss, former CEO Ellis Yan, in Cuyahoga County Common Pleas Court in February,” the website reported.
